ADGM
Coverage of ADGM in the Nexus archive.
- Coinbase establishes Abu Dhabi tokenization hub
Crypto exchange Coinbase has established Abu Dhabi as its "international tokenization hub," basing operations at the Abu Dhabi Global Marketplace (ADGM). From this location, Coinbase will offer licensing to arrange deals in investments and securely hold digital assets to facilitate tokenized securities backed by real shares. This move is part of Coinbase's broader expansion in the UAE, emphasizing the development of a global financial system.
- Blue Owl opens office in Abu Dhabi
Blue Owl Capital, a private credit firm managing $315 billion in assets, is opening a regional headquarters in Abu Dhabi's ADGM financial hub. The move reflects growing interest in the UAE capital's proximity to sovereign wealth funds like ADIA and Mubadala, despite rising challenges in the private credit sector, including defaults and redemption requests.